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April 26, 2024 |
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| Home > Small Business Lenders by State > Missouri Business Loan Sources > Saint Charles, Business Loans > New Frontier Bank Saint Charles Business Loans > Pizza Street Loan | ||||
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Missouri Small Business Funding for Franchises
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Loan to Buy Pizza Street Franchise Issued By New Frontier BankBorrowing money to invest in a Pizza Street franchise? New Frontier Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Pizza Street franchise is doable. In 2004, New Frontier Bank issued an SBA franchise loan to an entrepreneur in Lake St. Louis, Missouri. Because Pizza Street was registered with the SBA's registry of franchises, this Missouri small business loan was issued on an expedited basis. SBA Loan Borrower PIZZA STREET SBA Loan Lender NEW FRONTIER BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/10/2004 Loan Approval Gross Amount $480,000 Loan Approval from the SBA Of the total $480,000 loan amount, the SBA guaranteed $360,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pizza Street franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Best Saint Charles, Missouri Banks for Small Business
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